Which of the Following Is Not True of a Monopolistically

question 82

Multiple Choice

Which of the following is not true of a monopolistically competitive firm?

• A) The firm will maximize profits by producing where MR = MC.
• B) The firm will not likely earn an economic profit in the long run.
• C) The firm will shut down if price is less than average variable cost.
• D) The firm will produce an efficient quantity where average total cost is minimized.

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